Match Day is here and you have finally found out where you will begin residency this summer.  If you are a resident and are planning to buy a home in the city where you matched, then this will be a very busy few months for you.  It is possible, though, so long as you know all the steps in the process and work quickly with your agent to find a home and get settled before your first day on the job.  This article, along with the other resources at DMD Realty, will help make sure you find the home you want, find a way to finance it, and get settled quickly and without complications.  A very helpful resource will be the Match Day Timeline that shows what has to be done and when to buy a house before residency.

Every year thousands of new doctors ask the same question “Should I buy a house during residency?”  The answer to this question depends on many personal factors and is far from simple, but this year, the answer to that question for many will be yes. That is because now is the best time in decades to buy a home.  Prices have fallen dramatically from their height in 2006 and they are not expected to fall much further.  Interest rates are at their lowest point, in fact, it they cannot fall any further.  For many, this will make the decision to buy very easy, however it may also tempt those who would not otherwise buy during residency to do so.  The two primary issues to consider are whether it is a good financial decision, and how can you afford to make it happen.  Here are some key points to keep in mind as you make this decision.

So you need to sell your home, but you know that the market conditions are not in your favor. Here are a few tips on how to sell your home in a buyer's market:

Use a Real Estate Professional

There are many things that can be done to save money and cut costs related to selling your home, but going the route of “For Sale by Owner” is not one of them. Real Estate professionals can provide advice and expertise that increase the value of your home much more than the cost of their services.

Spring is traditionally the busiest season in real estate for both buyers and sellers, and this year is truly a buyer's market. In 2010 several factors affecting the current housing market trend show the real estate market forecast to be much busier than usual over the next several months, so discerning sellers should take notice. The unofficial beginning of the spring home buying season starts after the Super Bowl, which will be very early this year on February 7, 2010. This is when, new buyers flood the market in early spring, granting new vitality to the market. In response, many fresh properties enter the market along with lots of properties that were taken of the market at the end off last year. This always results in a buying and selling frenzy that is fueled by fresh money and increased competition in the marketplace.

In Chicago home prices are down, home sales are up but foreclosures continue to flood onto the market even as the inventory of unsold homes is clearing. What does this housing market trend and the Chicago real estate news mean for those looking to buy or sell their home this year?

In Chicago home sales were up more than 71.6 percent in November 2009 over the same period last year, says the Illinois Association of Realtors. Median Chicago home prices, however, have fallen 10.1 percent in the past year, according to the Standard & Poor's/Case-Shiller home price index. This paints a very mixed picture of the health and recovery of the residential Chicago housing market.